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Friday, November 1, 2024

La Quinta home prices rise in the second half of 2018

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The median sale price of a home sold in the second half of 2018 in La Quinta rose by $27,000 while total sales decreased by 6.8%, according to BlockShopper.com.

From July through December of 2018, there were 642 homes sold, with a median sale price of $411,000 - a 7% increase over the $384,000 median sale price for the same period of the previous year. There were 689 homes sold in La Quinta in the second half of 2017.

The median sales tax in La Quinta for the most recent year with available data, 2016, was $4,856, approximately 1.2% of the median home sale price for the second half of 2018.

The following table compares La Quinta to other Riverside County cities with similar median sales prices in the second half of 2018:

CityJuly - Dec. 2018 Home SalesJuly - Dec. 2017 Home Sales% change (Total Home Sales)July - Dec. 2018 Median Sales PriceJuly - Dec. 2017 Median Sales Price% change (Median Sales Price)
Palm Springs743779-4.6%$440,000$365,50020.4%
Winchester 266288-7.6%$435,000$420,0003.6%
Canyon Lake1371351.5%$425,000$415,0002.4%
Mountain Center 18180%$424,000$358,50018.3%
Murrieta1,0261,180-13.1%$420,000$410,0002.4%
La Quinta642689-6.8%$411,000$384,0007%
Wildomar178211-15.6%$410,000$389,0005.4%
Riverside1,7921,928-7.1%$405,000$375,0008%
Nuevo 2438-36.8%$390,500$336,00016.2%
Romoland 221457.1%$375,500$368,0002%
Lake Elsinore413504-18.1%$375,000$355,0005.6%

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